Shares of Anil Ambani-led companies witnessed significant selling pressure on Thursday following reports of fresh action by the Enforcement Directorate against the industrialist. The federal investigative agency has provisionally attached additional assets worth more than ₹1,400 crore as part of an ongoing money laundering investigation.
Massive Asset Attachment in Money Laundering Case
The Enforcement Directorate (ED) has taken decisive action against Reliance Group chairman Anil Ambani and his associated companies by attaching fresh properties valued at over ₹1,400 crore. This latest move comes as part of the agency's comprehensive probe under the Prevention of Money Laundering Act (PMLA), according to official sources quoted by PTI.
This development marks a significant escalation in the ongoing investigation, with the latest provisional attachment order covering assets located in various parts of the country. The ED has been systematically building its case against the business magnate and his corporate entities.
Cumulative Seizures Reach Staggering ₹9,000 Crore
With this fresh attachment, the total value of properties seized in this particular money laundering case has reached an astonishing approximately ₹9,000 crore. The federal agency had previously attached properties worth ₹7,500 crore in the same investigation, making this one of the largest asset attachments in recent ED history.
The substantial scale of the attachments underscores the seriousness of the allegations and the extensive nature of the money laundering operations being investigated. Market participants and legal experts are closely monitoring the situation as it develops.
Market Impact and Investor Reaction
The news immediately triggered negative sentiment among investors, leading to widespread selling in Reliance Power and Reliance Infrastructure shares. Both companies, part of the Anil Ambani group, experienced notable declines in their stock prices as the market digested the implications of the enhanced ED action.
Financial analysts suggest that the fresh asset attachments could create additional challenges for the already stressed group companies. The development comes at a time when the conglomerate has been working to streamline operations and reduce debt burdens across its various business verticals.
The Enforcement Directorate continues its investigation under the PMLA framework, with the latest attachment representing another phase in the agency's determined effort to trace and secure allegedly illicit assets. Legal proceedings in the matter are expected to continue as both sides prepare their respective cases.
